Australian financial regulator says it referred crypto scheme to police for alleged ‘possible fraud’ and believed matter was under ‘active consideration’
Australia’s corporate watchdog referred information about the alleged US$1.89bn “Ponzi scheme” known as HyperVerse to Victoria police in 2020, only for it to be referred back almost two years later without any action being taken.
The Australian Securities and Investments Commission made the referral to Victoria police for alleged “possible fraud offences” after concerns were raised with the corporate regulator about a related company, Blockchain Global. Asic did not provide detail on what prompted the referral.
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